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economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
to ask big oil companies and people making over million dollar to do their fair share by increasing revenues. >> have a good fourth of july weekend and we'll see you -- >> big mets and yankees series in new york tonight. i'll be watching. >> i'm always rooting for the national league. always got to stick to it the big guys. thanks. >> thank you. >>> all right. joining me now major garrett chief congressional correspondent for the national journal. doesn't want to kick the can down the road. sounded like a guy -- all right, if that's the deal that's cut and there's a temporary deal and it sometimes right now that's what smells like what's coming. >> he would have said i will vote against that. he didn't say that. >> that's what it's important. >> he didn't say i will vote against it. that's important. it's going to have to be up to the house republican leadership to bring that to the floor to agree to a short-term resolution of this absent a huge deal. eric cantor told me this week -- >> a great column about eric cantor. if we look at it in five pots here, the white house, senate rep
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
. you have a big group of new freshman republican members in the house. they are not budging. they're not listening to just about anybody. it's -- they're going on what they believe is a mandate with this big tea party election in 2010 and they haven't really budged. you're seeing business leaders on wall street saying do something, do anything. this group of freshman republicans aren't really budging. will it have been an impact heez emails and phone calls, who knows. it may mean that house republican leaders have to shift away from what these small group of freshman republicans want. we'll see if it has an impact or not. there's not a whole lot of time left. >> indeed. thank you so much. we will be talking with nbc's chuck todd in a few minutes. >>> the first tropical system of the year has fizzled out. tropical storm don has weakened into a tropical depression. the storm made landfall along corpus christie. it brought little relief to the record breaking heat in the lone star state. here's with your saturday forecast bill karins. good saturday morning to you, bill. >> all the hy
, but this is a grave moment for the country. we need to do something very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were back pedaling a bit on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
's headlines about the campaign's big haul and tell you why we're a tad underwemed. >> >> dyou got to check the sel date, it's wednesday, july 13th, 2013. i'm chuck todd, an unbelievable hump day, feels like it's forever bigger here in washington, where i begin my first read this morning. it's the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. >> mr. mcconnell said the day i was elected that his job was to try to see me beat. i'll have to explain how it is that we're going to avoid default because i'm going to be president here for at least another year and a half. >> right after that interview, mcconnell unveiled this plan c. he would hand over to the presid
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
need to do that. we have come up with a trillion in cuts. we need to ask big oil companies and people making over a million dollars to do their fair share by increasing revenues. >> let's talk about a short term deal. are you willing to vote for something that is iks to eight months, the trillion, trillion and a half cuts that have been agred to among the biden group to raise the debt ceiling temporarily? can you sign on to something like that? >> chuck, i prefer ton. i wasn't elected to kick the can. the matter is, he can don't need to kick the can. everybody knows what needs to be done. tighten belts, those are the elements of a long term deal that will help our economy grow and prosper in the future. we have done it before. we could do it again. it would be nice it if we had republicans to noe republicans to negotiate in, in good faith. >> some cuts in medicare, i know you guys have been making a big deal about the 45th anniversary of medicare just past, are you going it sign on some t.o. something that has trends m n medicare as long as you don't feel it hits beneficiaries directl
toward a vote next week. the president says he still wants a big deal. but for the first time he's opening the door on senator mitch mcconnell's fall back plan which is gaining momentum on capitol hill. chuck todd was in the briefing room for the news conference. host of "the daily rundown" and luke russert. there was a movement from the president at least towards considering the mcconnell backup plan. what are the chances he still might get what he really wants which is a bigger deal? >> to me -- in a way put together to try to get through this. what you felt was the press conference was about was trying to frame the post game debate, if you will. you heard this from the speaker. suddenly they're back to distancing themselves from the debt ceiling. let's get to the debt ceiling part. we're running out of time on that. maybe there's still time to negotiate this grand bargain. that's sort of what i heard out of this. the president will sign anything that gets to his desk that seems to get through both houses of congress at this point. and then after that, maybe there's a conversat
connell going to play on this? i have a feeling he's going to play pretty big hardball on this to borrow a phrase, chris. seems to me he really is boehner's back. not just having boehner's back today or boehner's back tomorrow, but he's going to have boehner's back. the question is, can harry reid pry away seven or eight republicans to work with him? where does that happen? at this point i don't think you'll see any movement on a deal publicly, at the earliest, not until sunday. >> is the real fear not that there's a second effort to cut spending a bit more, but the second part of this spending cuts which would come at the end of this year, the vote on that, would actually cut to the bone. go after entitlements, medicare, after things the democrats treasurer jer is that the big fear? i think pelosi, former speaker, now democratic leader, was alluding to that in her very strong statement against the boehner plan tonight? >> reporter: that is one fear. you talk to democrats familiar with the way these negotiations have gone, and they'll say, look, this first $1.2 2r8 trillion, the first ro
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
with the speaker of the house was a big deficit reduction package that wouldn't have a supercommittee. we would have done it right now. that wasn't possible. the speaker of the house pulled by the right wing of his party, walked away from it. but the president's going to be committed over these next few months, as i think members of congress need to be as well, that we need to finish the job here, and the way you're going to finish that job is to have a balanced deficit reduction package that doesn't harm the economy. >> let me ask you some other pressing matters. i've spoken to top figures on wall street who say this is a code red day, all hands on deck, preparing for a market shock as early as tomorrow. what is your message? what is the president's message to investors around the globe this morning? >> well, i think it is that we have to get this solved. today is obviously a critical day. we have to give confidence that there is a pathway to make sure that we both reduce the debt ceiling, and let's not underestimate the deficit reduction is an important part of this, so i think -- >> but that
need to do that. we've already come up with a trillion dollars in cuts and we need to ask big oil companies and people making over a million dollars to do their fair share by increasing revenues. >> talk about a short-term deal. are you willing to vote for something that is six to eight months, simply the trillion, trillion and a half in cuts that have been agreed to among, among the biden group to raise the debt ceiling temporarily? can you sign on to something like that? >> chuck, i prefer not to. i wasn't elected to kick the can. the fact of the matter is we don't need to kick the can. everybody know what's needs to be done. tighten our belts, reduce spending, increase revenues, deal with entitlement reform. the elements of a long-term deal that will help our economy grow and pos per in the future. we've done it before. we can do it gren. nice to have republicans to negotiate with in good faith. >> congressman, one of the things that supposedly is getting to have trend's in it, agreed upon according to democrats i've talked to, some cuts in medicare. i know you guys have been m
of the big players in all of this. he has taken a role where he made is clear on the floor where he is fully supportive. he said what needed to be said. throw sug port there. but privately many other senators are telling us mccon sell working on a deal. mcconnell's aides say no, that's not going on. if you piece these things together, you get the sense where someone who thinks he can see the end game, thought i had it a while back and the opportunity for members of congress to disapprove a debt ceiling vote, which is part of the mechanics of hoop jumping legislatively is actually a plus for some tea party members who don't want to be on board right now. second ago, paul ducked under the camera to get to another location. he is another one i was thinking of. when you vote against the debt ceiling but give the president that authority that might be way for everybody to get what they want. it is of course too soon to see how it will factor out. but watching mix mcconnell, you will see someone who gets a sense of how things work and to see how he uses the power he earned all this time. >> chuck
the battle on a short term debt ceiling because we can't put together a big one in one week's time. and you noticed the president had no statement in there, "i will veto a short-term debt ceiling." what happened to that? >> he didn't have that. i was wondering if you would allow if you ear in the president's position or advisor, you advised many presidents before. would you not tell him to stand up to his opponents? >> i would not tell the president of the united states to veto a short term debt ceiling. if, as a result, i'm going to throw my country into default over what? the president is willing to accept a clean debt ceiling with nothing. now boehner is going to give a debt ceiling with $1 trillion in cuts. why would he reject the good because it's not the best? >> my advice -- i think, pat, we've had this discussion on the show. pat and i sparred a bit in the last two weeks. i think pat, unfortunately, for the democrats standpoint is right. i don't mean you're right. you're more right this morning than wrong. if the president has to accept a short term plan which is looking more and mo
really becomes a big story if this is the deal. >> luke russert, thank you for telling it like it is. >> take care. >> for more on where the debt debate stands, check out the white house with david plouffe. it will reair on "meet the press" on 2:00 p.m. right here. >>> the chairman of the joint chiefs of staff admiral mike mullen told soldiers in kandahar if talks fail they still have to fight but might not get paid. >> plenty of you live paycheck to paycheck if paychecks stop, it can have a devastating impact pretty quickly. >> and then there at camp leather neck, mullen told marines, all services face cutbacks in size and possibly as well in military benefits. >>> as you heard from nbc's luke russert, the reaction is mixed on capitol hill to reports on the white house that the gop has reach aid deal. with signs of dissent on the left and right in the house of representatives. joining me now is eddie berniece from texas. good morning. where do you stand on things this morning? what are you hearing overall? >> all i'm hearing i'm hearing on msnbc. we have not communicated with each o
to figure something out over the weekend. >> yeah. you know, luke, the big difference between the house gop plan and the senate democrat plan is that this balanced budget amendment, that's what the gop wants. beyond that, though, both plans seem to call for spending caps for special committees to find more deficit cuts. they almost seem similar, though, when i posed that to chuck todd, he was, like, yeah, but there are very important big points, and they're far apart on those. do you agree with that? it's one of those things which if you had approached this to a republican last year, they would have signed it in two seconds. the top leadership aides will admit that. to talk about the reid deal. what you see the similarities is trillion dollars in spending, spending caps. the two significant differences, though, are this. it's the balanced budget amendment that was added specifically because the tea party freshmen in the house wanted it in there, and on top of that, democrats do not want to go play for this process again in about six or sech months. they want this to go through 2012 because
the big story, hail to the tweets. >>> part of the administration ace new media outreach campaign. since not known for the brevity, they tweeted summary of the president's answers in response. john boehner jumped in with a tweet of his own after embarking on a record spending binge, where are the jobs? >> what he's right about is we have not seen fast enough job growth relative to the need. we haven't gotten the cooperation i would like to see on some of those ideas, but i'm going to keep on trying. eventually i'm sure the speaker will see the light. >> and ren gay nerd asking, quote, mr. president, will you issue as executive order pursuant to section 4 of the 14th amendment? >> i don't think we should get to the constitutional issue. congress has a responsibility to make sure we pay our bills. >> ahead of bipartisan debt talks, president obama now says he expects a deal in the next week or two. the white house says he wants a, quote, significant compromise, though exactly what that means remains a little hard to figure out. so we'll go straight to the source. stephanie cutter is
the will of the house the go forward? >> indeed. that is one of the big m.o.s when he came into the house, and said so much hot air in the place, and let the people's voice be heard and it is the people's house, and they would be ultimately be heard, and he realizes the stakes on the debate of the debt, and if this is not out of the house of representatives, they have nowhere to go as a house of conference and it reflects poorly on his leadership to show that he cannot stop the influence of some of the most far right members of party who tried to undercut him and undercut members of defense by soliciting outside interest groups to get them to vote against the bay no bioehner bil. it is the march of the 216. >> and luke, loud mouth, thank you for the moment. can i come to the silver fox, mike viqueira. >> he is the silver fox. >> and you were at the press conference with jay carney and how was tlit? >> well, a 20th figure once said, we are seeing politics is the most gruesome effect. and this is sausage making up here. this thing is not going to be resolved today or tomorrow or this weekend and the two
are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got that done, would that be enough? then paul ryan said, no. we need a fundamental tr
on cutting a big deal to take us through five to ten years, not just five or ten weeks. the problem, it seems to me, yesterday was a good example of it. you have questions tweeted to the president of the united states, questions delivered from the real world about housing problems, about i'm losing my house, my mortgage, what are we going to do. not policy questions from washington media members. the problem is that the president is dealing with a number of people who don't live in the real world. for example, eric cantor. no matter how many times he's been on and how many times we talk about rescinding the bush tax cuts, he calls it a tax increase. go to the grocery store and milk is on sale for $3.25. the next week it goes up to $3.75. it's not a hike in price, it's reverting back to the original price. they don't live in the real world. they just don't. >> he'll be on this morning so you can ask him again. >> we will ask him again. >> i would like to ask him what it is they offered yesterday that was different. the president talked about boehner's question being skewed. i put the question
guns on something he's done his entire presidency, which is when there's a big bill that needs to get through congress, whether health care, whether the stimulus or whether this, he lets congress handle the details. he doesn't present his own legislation. he doesn't say here's my plan. let's amend from this. it's instead, trying to let's grab a piece here, let's grab a piece there. let congress do all the talking. we'll see. it is one of those debates that takes place among folks that observe this president from the outside wondering why does he keep doing it this way. who will win the battle long term? john boehner and harry reid teed up that fight yesterday. >> two groups of people from two different planets who barely understand the language of the other one. they're two remarkably different visions for what the appropriate role of the government should be in our society. how our country operates. it's stark and it would shock most americans. >> any time around here with the new tea party philosophy, they seem to think they have an all-knowing wisdom about the constitution. in shor
. there's supposedly meetings between the white house and senate and big game players later this beak. in erms the of a deal we're getting a real date, not necessarily august 2nd, but july 22nd. why? there's a ten-day period needed for the congressional budget office to score any type of compromise as well as you're going to have to sell this compromise to the members. house republicans have been steadfast they don't want any tax increases to consider any type of compromise. speaker boehner needs some time to sell that to his members. >> you're talking about political high ground. you're not talking about the substance. i want to ask you about libya. there is a procedural vote the first step on the kerry-minnesota cane resolution on libya what do you see there? >> it's around 5:30 p.m. today. it really is a procedural vote on the mccain-kerry libya resolution which says for one year the u.s. should allow -- there should be force in libya, u.s. backed force with no ground troops. to one democratic aide said they really don't know how this vote the going to come come out. there is specu
countries don't play by these rules. >> chuck todd this speaks to a big concern many the edifice behind you, if they cut the deal, if the aaa bond rating is reduced, it will be on the president's watch. >> right. that's been the issue for this white house. that's why number one, they really want to move this debt ceiling issue away from the next two years. yes, it's a political issue. it's also an economic issue. some really bad gdp numbers came on it. all of this uncertainty, we've all known that businesses right now in the last couple weeks they have gotten a little nervous. people have held back they're not sure what's going on. they're not sure how this is going to end. i think -- look, i still have a lot of confidence that when all is said and done they're going to figure it out. all the leaders are on the same page. all of the leaders are on the same page. yes, they have an unpredictable -- an unpredictable group of lawmakers on their hands. so the one thing that i have as a political person, i would find surprising at the end to have day if they do agree to what this deal's going to
is prepared to shoot at big targets in afghanistan. it's a bad signal about how ready the pakistanis are to confront terror networks in their own country. >> jane harman from the woodrow wilson center, thank you very much. >>> and up next here, the arab uprising and the secret weapon being used to get around governments trying to silence the masses. >>> and still ahead, education nation, the battle over no child left behind in congress. my conversation with arne duncan here in aspen. [ woman ] we take it a day at a time. that's how it is with alzheimer's disease. she needs help from me. and her medication. the exelon patch -- it releases medication continuously for twenty-four hours. she uses one exelon patch daily for the treatment of mild to moderate alzheimer's symptoms. [ female announcer ] it cannot change the course of the disease. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as
depends on how big it it is then when it goes back to the house. >> is there enough time to get it together and actually pass something? >> you know, i think there is in washington time. it doesn't look like there is because of how slow things typically move, but this is very, very real, and when you're scheduling 1:00 a.m. cloture votes, they know the time is ticking. it's 85 hours and counting, and you know, they're going to have to get a deal because they see the consequences, not only economically, but politically. >> okay. as ridiculous as this may sound to some, was there ever a possibility about like a one-page document simply raising the debt ceiling and then dealing with the rest of this stuff when we don't have this, you know, deadline hanging over our heads of august 2nd? >> that's what the house republicans and sort of the tea party caucus would not go along with. remember, that was president obama's original position, raise the debt ceiling separate and then we'll deal with spending cuts later. but that is not being allowed by many in the tea party caucus because fr
was apparently trying to do, get a big deal in a balanced way. so, that's the good news. again, the details still have to come out and senator durbin, a member of the gang of six said yesterday, they don't have legislative language. the question is, you know, what can be done between now and august 2nd, if anything with the plan or do we need to continue to proceed with a back-up plan, plan b. >> chris, i was going to ask earlier, last hour to steve rattner who was here and suggested if the plan were to go forward, there would have to be a month or two month extension to allow the committee chairman and chairwoman in the house and senate to do their business. this would be the most dramatic reform of entitlement since the reagan era. there would have to be an extension of time for the debt ceiling, would there not? >> i think it's right. we would have to work out some interim arrangement to proceed down that road. again, exactly what the time line would be and that question would remain to be seen. the good news is this provides some additional momentum to the idea of getting something big done.
for big oil companies, on tax cuts for the rich and on corporation tax loopholes, they are not interested in balanced budgets. they are interested in one thing and one thin only, making the rich much, much richer and making the middle class much, much poorer. that is why you get delay after delay after delay. that is why as the clock runs out instead of meeting in the middle they are lurching further and further to the extreme right wing. >> congressman, i know that -- we've heard political talking points from both sides. at this stage of emergency the american people want to see some action, the president said there is rough agreement between the two parties and likely the democrats and republicans in the senate are going to have to engage in negotiations with joe biden and others. where do you see this negotiation going? is the white house willing to concede a shorter term debt ceiling extension and deal with the two trenches that have been agreed to? where do you see it coming down? >> with all due respect this is not a political talking point. we have made our concessions. we have mad
a big bright light on. what we have been told is that certainly the senior level staffers who, as you understand, are critically important in that, they do a lot of the heavy lifting in negotiations, so the top man for speaker boehner, top man for majority leader reid have had some communication. it kind of hit a wall when it seemed like there wasn't a heck of a lot left to say until the house sort of worked through this process that we think will come to a head today and kind of the wave, point where it seemed like boehner didn't have the votes then the rejiggering of the plan. aides tell me they think that the new number coming from the congressional budget office scoring the boehner plan, gives some credibility to members because those who were the loudest voices saying they want more cuts, according to senior aides can look at this and say they didn't just try to push it through and ignore the congressional budget office, they went back and tried to fix it and admitted they fell short the first time around. they're hoping that will lend some goodwill to those who are now being pus
it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. >>> welcome back to "hardball." time now for the "sideshow." first up, governor rick perry shocked many of us last week voicing support for new york's right to pass a law allowing gay marriage. let's listen. >> that's new york, and that's their business, and that's fine with me. that is their call. if you believe in the tenth amendment, stay out of their business, if you live in some other state or particularly in if you're the federal government. >> no surprise that didn't sit well with perry's supporters. so how about a clarification? >> it's a small group of activists judges, and frankly, a small handful, if you will, of states and these liberal special interest groups that are intent on a redefinition, if you will, of marriage on the nation, for all of us. to not pass the federal marriage amendment would impinge on texas, and other states
factor in the obesity, and it seems like a big stretch. >> okay. wow. we will see what happens with the legal action and the debate especially when we look at the numbers for obesity of children and adults in the country, because it is stunning. thank you, kevin, for coming out to tell your side of the story. >> thank for having me. >>> and the fallout of the "news of the world" phone hacking stretching the globe. there are reports that british investigators are looking for potential phone hacking of 31 reporters at 31 different publications. and scotland yard has expanded the investigation to 60 officers, and meanwhile in australia, their government is introducing legislation allowing citizens to sue for serious invasion of privacy. >>> and coming up, alabama followed arizona passing a tougher immigration law to make it against the law to take an illegal immigrant to the hospital. today a civil rights organization filed a lawsuit to challenge the law. and i will talk to the alabama lawmaker who calls the legislation one of the most awful laws ever passed in the state. >>> and
. >> and this speaks it a big concern in that et fis behind you, that if the aaa bond rating is reduced it'll be on the president's watch. >> right. >> that's been the issue here for this white house bp that's why the number one they want to move this debt ceiling issue away from the next two years. yes did is political issue but also an economic issue. some really bad numbers came out of it. all of this uncertainty, we have all known that businesses right now in the last couple of weeks, they have gotten a little nervous. people have held back because they are not sure what is going on. they are not sure how this will end. i think -- look, i still have a lot of confidence that when all is said and done, they will figure it out. all of the leaders are on the same page. all of the same leaders are on the same page. yes, they have an unpredictable, unpredictable group of lawmakers on their hands. so the one thing that i have as a political person, i thought would find surprising at the end of the day, if they do agree what this field will look like, it is going to be a couple of trillion dol
a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> i'm with your krpt nx market wrap. another batch of updeceit earnings not enough to offset dismal economic numbers and lingering fears about the debt debac debacle. the dow jones industrial tumbling. and absolutely dangerous, how one investor described the atmosphere on wall street today telling cnbc the problem is the market reacts to two thing. greed and fear. right now there's no greed in the air, only fear. a lot of that fear based on the ongoing debate in washington over raising the debt ceiling and cutting the deficit. aps an anemic reading on gdp growth, weaker than expected 1.3% while first quarter numbers were prevised to lower to a paltry 0.4%. over a rough week for the market. all major indices giving up between 3.5 and 4.5%. that's it from cnbc, first in business
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